If Bitcoin will crash to $100 in 2031, Bitcoin enthusiasts will be happy for it by calling it 100× pump, says Peter Schiff

Popular Bitcoin hater said that Bitcoin proponents will keep supporting Bitcoin despite it will dump to $100 in 2031. 

Peter Schiff is an economist & global strategist. He is a fan of Gold metal & gold bonds as the best investment asset against inflation. He usually faces criticism from the crypto proponents because he is a Bitcoin hater and he keeps promoting Bitcoin as a gambling & speculation asset. 

On 26 Jan 2024, Peter Schiff took to X and alleged that Bitcoin proponents were trying to shut down his Bank accounts with the help of fake allegations of money laundering & tax evasion via those media reporters who were proven false in his winning defamation lawsuit.

#Bitcoin pumpers keep using the shutdown of my bank against me, citing false media allegations of money laundering and tax evasion to discredit me, without mentioning those allegations were proven false in my winning defamation lawsuit against the corrupt reporters who made them.

— Peter Schiff (@PeterSchiff) January 26, 2024

Some Bitcoin enthusiasts claimed that Peter used the Bitcoin name in his X’s Tweet post because he wanted to get attention from the crypto sector and simultaneously defame Bitcoin.

On the same day, Peter also claimed that Bitcoin proponents will remain always in support of Bitcoin even if Bitcoin crashes to $100 in 2031. They will call Bitcoin’s performance above gold and also they will call its price 100× more over the last 20 years. 

No matter how low the price of #Bitcoin falls, its proponents will always be able to claim its outperformed #gold. For example, even if Bitcoin falls to $100 in 2031 and gold rises to $10,000, they will claim that Bitcoin is up 100x in the past 20 years, while gold is only up 5x.

— Peter Schiff (@PeterSchiff) January 26, 2024

Some Bitcoin proponents jumped against him and said that Bitcoin will be more than $1 million in 2031. In response Global economists said that it will be possible if the U.S. dollar goes the way of the German Papiermark.

What if #bitcoin goes to $10,000,00 by 2031?

— Trendonomics by Harsh Dixit (@TrendonomicsHD) January 26, 2024

Earlier a few days ago, Peter said that Bitcoin is nothing except an artificial name with a limited supply and supporters of this artificially created digital object call to hold with the hope that it will pump. 

Here is how #Bitcoin works. We create something with no value, then artificially limit its supply. Then we all pretend it has value and buy it. Other people see the price going up and they buy it too. Then we all keeping #HODLing it hoping everyone keeps pretending it has value.

— Peter Schiff (@PeterSchiff) January 24, 2024

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